Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has the following balances: sales revenu

A company has the following balances: Sales revenue $312,000: Sales Returns and Allowances $2,000: Sales...

70.2K

Verified Solution

Question

Accounting

A company has the following balances: Sales revenue $312,000: Sales Returns and Allowances $2,000: Sales Discounts $4,000: Cost of Goods Sold $184,000: Operating Expenses $84,000. How much is the profit margin?

a.16.0%

b.12.4%

c.41.0%

d.12.2%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

60 117 60 C 152 Place the letter in the blank above its measure to...

Basic Math
1.2K views

omework Question 13 9 1 61 The rectangular coordinates of a point are 8 0...

Biology
1.2K views

How does Kohler Illumination affect resolution – be specific in your answer? (hint: do NOT simply describe...

Physics
1.2K views

A generator rotates at 93 Hz in a magnetic field of 0.035 T . It has...

Advance Math
1.2K views

A foundry that specializes in producing custom blended alloys has received an order for 1 000...

General Management
1.2K views

2. Do you think a firm operating in many countries is better advised to adopt a...

Biology
1.2K views

15 Stealing someone s identity is OA misinformation OB identity theft O C cyberbullying O...

Basic Math
1.2K views

The amount of daylight in a town can be modelled by the sinusoidal functiond(t)= 4.37...

Algebra
1.2K views

work 1111 Polynomial Functions Homework n list on 1 K For the polynomial function belo...

Accounting
1.2K views

January 15, the company hired an outside company to train its employees on the new...

Accounting
1.2K views

intangible assets with an______ useful life ______ depreciated. fill the blanks

Accounting
1.2K views

Journalize the transaction for the purchase of a truck on April 4 for $52,810, paying...